On January 12, Year 1, Gilliam Corporation issued 550 shares of $12 par-value common stock for $15 per share. The number of shares authorized is 5,000, and the number of shares outstanding prior to this transaction is 1,200. Which of the following answers describes the effect of the January 12, Year 1 transaction? Pd-in A. 6,600 B.8,250 C.8,250 D.8,250 Assets-Liab, + Com. Stk.+ ExcessRev. NA. NA. NA NA. Net Exp. FInc. NA. NA. NA. NA. Cash Flow 6, 600 FA 8,250 FA 8,250 FA 8,250 IA 6,600 NA NA NA 8,250NA NA 6, 600 1,650 NA 6, 600 1,650 NA NA NA NA Multiple Choice Choice A Choice B Choice C Choice D (Ctri)